U.S. Trust Co. taps Sanford for Calif. unit.

Gregory F. Sanford was named president of U.S. Trust Company of California, Los Angeles, the investment management, private banking, and financial services subsidiary of New York-based U.S. Trust Corp.

Mr. Sanford will direct the company's expansion throughout California and oversee its sales and marketing efforts.

A 24-year veteran of the banking industry, Mr. Sanford was most recently an executive vice president at Bank of America. There he managed a staff of more than 800 and was responsible for personal investment management, personal trust, and private banking.

Before that, he was a senior vice president at Security Pacific National Bank, Los Angeles, whose parent merged last year with Bank-America.

Franklin E. Ulf will continue as chairman and chief executive officer of U.S. Trust's California unit, which plans to open an office in Orange County this year

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